CNBC’s Nightly Business Report recently featured EYA’s president, Bob Youngentob, speaking about increased sales and the impact on homebuilder confidence. Homebuilder confidence has risen to the highest level in almost a year, as reported by the National Association of Home Builders (NAHB) Housing Market Index. What is driving the surge? The report noted that job creation and tight supply are fueling demand. Mr. Youngentob also added that as interest rates have remained low for quite some time, buyers fear that rates will rise, which has encouraged activity.
Watch the video here, shot on location at EYA’s Brownstones at Chevy Chase Lake sales center in Chevy Chase, MD.
The New York Times interviewed EYA’s president, Bob Youngentob, as part of their showcase of the upcoming redevelopment along the Old Town Alexandria waterfront. Until recently, a prime section of the waterfront has been home to a group of industrial warehouses and underutilized by residents and visitors. As part of a larger City plan to revitalize the waterfront, EYA is transforming three acres bordered by Duke, Union, and Wolfe Streets to help enhance access to and enjoyment of the waterfront.
Bethesda, MD – The developer of the 45-acre Westside at Shady Grove Metro community in Rockville, EYA, will soon make workforce homes available for public sale. In partnership with Montgomery County Department of Housing and Community Development (DHCD), a total of 25 workforce homes will be sold at Westside, of which four are included in initial sales.